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Multi-million dollar boost for timber company.



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Thursday, 25 August 2005

A Northern Tasmanian company has been awarded a $2.37 million Australian Government grant to develop a groundbreaking kiln-drying process and provide job growth opportunities for the region.

Federal Member for Bass Michael Ferguson today congratulated FEA Timber Pty Ltd on its grant, saying innovation was the key to increased employment.

“This is a great example of a smart, local company using Government support to turn a bright idea into a clever product,” he said.

“The money will allow FEA Timber to adapt and commercialise new compression fast kiln-drying process for small diameter plantation hardwood timber and re-growth native forest.

“This will provide structural grade timber from young plantation hardwood.”

FEA Timber was awarded the funding under the Australian Government’s Commercial Ready grant programme which forms a strong foundation for future job, export and economic growth.

Mr Ferguson said that the Federal Government offered a full suite of innovation assistance programs to help businesses across the country turn bright ideas into marketable products.

Businesses interested in applying for assistance can access more information at www.ausindustry.gov.au or by calling 13 28 46.

MULTI-MILLION DOLLAR BOOST FOR TIMBER COMPANY